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In trade war with the US, China holds a lot more cards than Trump may think − in fact, it might have a winning hand (theconversation.com)

submitted 2 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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[–] humanspiral@lemmy.ca 15 points 2 weeks ago (6 children)

Treasury and dollar moves the last week are a tide showing the US is losing. Trump, the way he is, is sure to ask for too much, or settle for "show announcements", but world may understand that they collectively have more pressure on him, especially with China eager to be friends.

[–] Darleys_Brew@lemmy.ml 6 points 2 weeks ago

The USA was already a sinking ship, I think, Fart Man just decided to speed the process up a bit.

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